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As DFI money dries up, AFC is doubling down on African VC with $100 million

For nearly two decades, Africa Finance Corporation (AFC) wrote cheques for bridges, ports, mines, and subsea cables. Now, the $19 billion Africa-focused develop...

TechCabal — African Tech Muktar Oladunmade 3 weeks ago Ask An Investor AFC

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AFC enters African VC with $40 million backing for Future Africa, Lightrock

Africa Finance Corporation, the development bank with over $19 billion in total assets, has committed $40 million to Future Africa, an early-stage venture capit...

TechCabal — African Tech Muktar Oladunmade 3 weeks ago Exclusive AFC

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Meristem Securities Limited Awards ₦26 Million to Climate-Focused Startups at the MORE Lagos Green I...

Meristem Securities awards ₦26 million to climate-focused startups at its MORE Lagos Green Initiative, funding innovative green solutions in Nigeria. Read More:...

Punch Nigeria Punch Newspapers 3 weeks ago

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👨🏿‍🚀TechCabal Daily – GoTyme employees to receive stocks

In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Nigeria’s healthtech sector is built on a paradox: post-pandemic startup growth...

TechCabal — African Tech Emmanuel Nwosu 3 weeks ago Newsletters TC Daily

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technology en-us

RJ Scaringe has raised more than $12B across three startups and investors still want more

Investors can't seem to get enough of RJ Scaringe or his ideas. Storytelling and communication are one of his superpowers, according to Jiten Behl, who joined R...

TechCrunch Kirsten Korosec 4 weeks ago Transportation also

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The Kenyan Boeing engineer who chose trucks over prestige

Charles Thuo’s career journey makes very little sense, at least until you sit down with him. By his own admission, it did not make much sense to his parents eit...

TechCabal — African Tech Adonijah Ndege 4 weeks ago People East Africa

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Trazo built a food delivery business in smaller cities. Now it wants to enter Lagos.

In 2019, Ikechukwu Nweze was trying to solve a problem in Asaba, in southern Nigeria, where he was based: ordering food online was difficult. At the time, most...

TechCabal — African Tech Emmanuel Nwosu 4 weeks ago Food Delivery Hizo

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👨🏿‍🚀TechCabal Daily – Jumia plans job cuts

In partnership with Lire en Français اقرأ هذا باللغة العربية TGIF. Few phrases travel further at African business summits than “shared ownership.” A...

TechCabal — African Tech Opeyemi Kareem 4 weeks ago Newsletters TC Daily

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